SLOVAKIA's dominant power utility, Slovenské Elektrárne (SE), does not plan to invest money into finishing the third and fourth blocks of the Mochovce nuclear power plant.
Economy Minister Pavol Rusko ordered the completion of the blocks at the end of 2004.
He announced, that SE would invest Sk 960 million (€24.7 million) in this project in order to prepare the ground for the future private investor, who should be the Italian firm Enel.
"The problem is that the key document to finish works [for the nuclear power plant] hasn't been approved yet. This means that if we invested in this project and later the decision changed, these finances would be lost," said the executive director of SE, Miroslav Rapšík.
SE’s cautious approach is linked to insufficient funding as well as previous bad experiences, the Pravda daily reported.
Compiled by Magdalena MacLeod from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
15. Feb 2005 at 11:26